tech/a
27th-July-2005, 06:59 AM
TPI
Quietly risen 80% in 3 mths.
Quietly risen 80% in 3 mths.
View Full Version : TPI - Transpacific Industries
GreatPig
3rd-August-2005, 07:34 PM
TPI
Quietly risen 80% in 3 mths.
Perhaps you shouldn't have said that quite so loud... :D
GP
Quietly risen 80% in 3 mths.
Perhaps you shouldn't have said that quite so loud... :D
GP
tech/a
3rd-August-2005, 07:40 PM
GP
To be expected-----I bought it!!
To be expected-----I bought it!!
GreatPig
3rd-August-2005, 08:01 PM
To be expected-----I bought it!!
Phew... for a moment there I thought it was me :D
GP
Phew... for a moment there I thought it was me :D
GP
andrew_c2o
3rd-August-2005, 09:52 PM
Weird I don't have TPI in my metastock data ??
tech/a
4th-August-2005, 07:45 AM
Transpac
Chief Wigam
28th-August-2005, 07:51 PM
Regarding TPI, it went sideways after you guys jinxed it. But anyway, I think I can see a right angled triangle formed since 18-8-05, with price target now 4.60. Annual results are due to be announced this Wednesday, so interesting to watch.
One of the company's businesses is to sell reprocessed waste oil to Shell and Mobil, who then blend it with their diesel and sell it at gas stations around Australia. The price TPI get for this oil is dictated by the crude oil price, so it's a very good business of late. They also get govt. incentive payment of a certain cents per litre of oil reprocessed.
One of the company's businesses is to sell reprocessed waste oil to Shell and Mobil, who then blend it with their diesel and sell it at gas stations around Australia. The price TPI get for this oil is dictated by the crude oil price, so it's a very good business of late. They also get govt. incentive payment of a certain cents per litre of oil reprocessed.
Chief Wigam
13th-September-2005, 01:45 AM
Anyone still in this stock?
Price has several reversal candlesticks recently and today has moved south slightly....
Price has several reversal candlesticks recently and today has moved south slightly....
tech/a
13th-September-2005, 06:35 AM
Still in.
GreatPig
13th-September-2005, 10:11 AM
Tech,
Your chart is missing yesterday's drop to $4.60.
Back up to $4.62 first thing this morning.
Cheers,
GP
Your chart is missing yesterday's drop to $4.60.
Back up to $4.62 first thing this morning.
Cheers,
GP
tech/a
13th-September-2005, 10:19 AM
Yes before I had downloaded.
Its a bit thin and Ive noticed subject to a few swings like this.
Takes a while to brake to another level.
I've also noticed that when it has a severe drop that it seems to have enough support to crank it back towards its open by the end of the day.
A case of 3 steps up and 2 steps back.
Its a bit thin and Ive noticed subject to a few swings like this.
Takes a while to brake to another level.
I've also noticed that when it has a severe drop that it seems to have enough support to crank it back towards its open by the end of the day.
A case of 3 steps up and 2 steps back.
Chief Wigam
16th-September-2005, 12:56 AM
4 down days in a row. Let's see if it will resume it's uptrend now.
tech/a
16th-September-2005, 06:48 AM
No doubt it will I sold yesterday at $4.59.
Was bloody hard work.
Was bloody hard work.
Chief Wigam
17th-September-2005, 02:08 AM
Sadly I bought yesterday at 4.51.
Someone sold a mammoth parcel after the market closed Friday, which dropped the price 16 c, and accounted for over half the volume for the day. Might prove to be a good time to buy.
Trade
Number (s) Time
Last Traded Price Volume Change Value Number
of Trades
211 - 253 5:26:37 pm 423 807,675 16 $3,416,465 43
Someone sold a mammoth parcel after the market closed Friday, which dropped the price 16 c, and accounted for over half the volume for the day. Might prove to be a good time to buy.
Trade
Number (s) Time
Last Traded Price Volume Change Value Number
of Trades
211 - 253 5:26:37 pm 423 807,675 16 $3,416,465 43
tech/a
17th-September-2005, 08:07 AM
My Current technical veiw for all those totally un interested!
Chief Wigam
18th-September-2005, 02:52 PM
Tech/a, I can see you drew your trend line based on 2 points touching it. Doesn't this go against the principle that trend lines should touch the maximum no. of points to validate the trend line. There are two other moer steeper lines that can be drawn as the trend line, but I agree that in any case the trend line has been broken. And that breaking support around 4.05 would be a sell signal. Also there is some chance a change of polarity may still occur and 4.43 level will act as a support, in which case this would be a positive sign. If neither of these occur, it will stay within the band between these levels.
Now I just have to work out how to paste charts onto this forum.
Now I just have to work out how to paste charts onto this forum.
GreatPig
18th-September-2005, 06:02 PM
Now I just have to work out how to paste charts onto this forum.
Take a look at this thread (http://www.aussiestockforums.com/forums/showthread.php?t=1401&highlight=irfanview).
GP
Take a look at this thread (http://www.aussiestockforums.com/forums/showthread.php?t=1401&highlight=irfanview).
GP
tech/a
18th-September-2005, 06:48 PM
A tentitive trendline can be drawn from any 2 points.
A trendline is validated by 3 or more points of contact.
So strictly speaking I have drawn a line connecting 2 points which indicate the direction of the longer veiw move.
You are correct with the purist veiw and ofcourse more points of contact would validate that trend.
In the wash up of it all I dont think it really matters.
I draw a number of trends on a chart.
Primary secondary and immediate.
A trendline is validated by 3 or more points of contact.
So strictly speaking I have drawn a line connecting 2 points which indicate the direction of the longer veiw move.
You are correct with the purist veiw and ofcourse more points of contact would validate that trend.
In the wash up of it all I dont think it really matters.
I draw a number of trends on a chart.
Primary secondary and immediate.
Chief Wigam
24th-September-2005, 01:38 AM
Chart looks OK to me. Next test will be the resistance at 4.70.
Chief Wigam
24th-September-2005, 10:44 PM
weekly chart
Chief Wigam
25th-November-2005, 02:34 AM
Chart still looks OK to me. Did anyone buy in the recent correction?
michael_selway
29th-November-2005, 07:46 PM
Chart still looks OK to me. Did anyone buy in the recent correction?
I should have yes
But long term its still ok?
I should have yes
But long term its still ok?
Chief Wigam
1st-December-2005, 03:02 AM
I did not pick up any in the correction either. But still holding from 4.52 as my second trade. I think it's a great long term buy. Growth, growth, growth with this co.
Chief Wigam
1st-January-2006, 01:21 PM
Big acquisition will be coming up soon with Brambles Cleanaway Industrial liquid waste section being sold off. TPI front runner one would think.
michael_selway
1st-January-2006, 01:31 PM
Big acquisition will be coming up soon with Brambles Cleanaway Industrial liquid waste section being sold off. TPI front runner one would think.
TPI has teamed up with CHAMP to buy Brambles and Industrial Services division. I wonder how much they could get the assets for. Serious investment here.
But do u think that has been incorporated in the price already?
thx
MS
TPI has teamed up with CHAMP to buy Brambles and Industrial Services division. I wonder how much they could get the assets for. Serious investment here.
But do u think that has been incorporated in the price already?
thx
MS
Chief Wigam
1st-January-2006, 01:38 PM
I wish I knew. The SP hasn't moved since the CHAMP partnership was announced. Boils down to when insiders knew of this new strategy and compare to the price action.
There are other bidders for the Brambles division so no guarantee TPI/Champ will get it.
There are other bidders for the Brambles division so no guarantee TPI/Champ will get it.
Chief Wigam
25th-February-2006, 07:47 PM
Bio-diesel is their next project. This ties up nicely with the diesel they produce already from waste oil, so fits in nicely with their business. They also have a truck fleet which will use this as a fuel. They are building a hydrotreater for diesel on the NSW central coast too, so it is all happening.
michael_selway
25th-February-2006, 11:35 PM
Bio-diesel is their next project. This ties up nicely with the diesel they produce already from waste oil, so fits in nicely with their business. They also have a truck fleet which will use this as a fuel. They are building a hydrotreater for diesel on the NSW central coast too, so it is all happening.
what is bio-diesal used for? How much is used atm?
also any links regarding the above?
thx
MS
what is bio-diesal used for? How much is used atm?
also any links regarding the above?
thx
MS
Joe Blow
26th-February-2006, 12:06 AM
Since this thread has evolved into one primarily about TPI, I have removed a couple of posts and renamed it accordingly.
Chief Wigam
14th-April-2006, 05:12 PM
I hope you boys topped up before it went to $8.
Note the volatility Thursday/Friday. Something is brewing.
Note the volatility Thursday/Friday. Something is brewing.
michael_selway
14th-April-2006, 07:26 PM
I hope you boys topped up before it went to $8.
Note the volatility Thursday/Friday. Something is brewing.
what is brewing u think?
has done well since the merger with WNZ
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 11.4 23.8 34.1 46.9
DPS -- 11.2 17.5 23.2
EPS(c) PE Growth
Year Ending 30-06-06 23.8 36.1 108.0%
Year Ending 30-06-07 34.1 25.2 43.3%
Note the volatility Thursday/Friday. Something is brewing.
what is brewing u think?
has done well since the merger with WNZ
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 11.4 23.8 34.1 46.9
DPS -- 11.2 17.5 23.2
EPS(c) PE Growth
Year Ending 30-06-06 23.8 36.1 108.0%
Year Ending 30-06-07 34.1 25.2 43.3%
Chief Wigam
22nd-April-2006, 04:11 AM
Another acquisition is brewing for sure.
Why do you say they have done well since then?
Why do you say they have done well since then?
michael_selway
23rd-April-2006, 04:30 PM
Another acquisition is brewing for sure.
Why do you say they have done well since then?
Transpacific drives waste industry shake-up
Date : 09/04/2006
Reporter: Alan Kohler
ALAN KOHLER: In the recent flurry of takeover activity, the big $770 million merger between Transpacific Industries and its trans-Tasman rival, Waste Management New Zealand, has pretty well flown under the radar. While it's still to be formally approved, it's part of an extraordinarily rapid and aggressive consolidation of the waste management industry by Transpacific since it was floated last year. It also strengthens the company's position for the biggest catch of all - the Brambles' Cleanaway and Industrial Services divisions, which are on the block for, as some analysts are tipping, well over $1.5 billion. I spoke to the driving force of the waste industry shake-up, Transpacific's founder, major shareholder and executive chairman, Terry Peabody, from his Brisbane headquarters.
Terry Peabody, I count about half a dozen press releases about acquisitions since you floated Transpacific last year, culminating in the current bid for Waste Management of New Zealand. Is there any danger of making too many bids, of growing too fast, of getting indigestion?
TERRY PEABODY, EXECUTIVE CHAIRMAN, TRANSPACIFIC INDUSTRIES: Not really, Alan, I think something you need to realise is that this has been our mode for a number of years and actually, the New Zealand acquisition will be our 18th in the last year. But we've been traditionally doing this by taking on small, bolt-on acquisitions somewhere between $5 million and $20 million and tying them into our group and this is - about half our growth has been through acquisition and about half through organic growth historically.
ALAN KOHLER: So is this sort of acquisition program what you had in mind when you floated Transpacific? Is this why you went to the market for capital?
TERRY PEABODY: Yes, it really was. And although of course we weren't aware that the New Zealand transaction would occur, we certainly were aware that there was going to be opportunities to consolidate in the industry and it made a lot of sense to go public in that regard.
ALAN KOHLER: And you've said that your next plan is to bid for and win Cleanaway, the Brambles operation that's being sold. It's unusual to so publicly stalk another company like that. Why have you done that?
TERRY PEABODY: Firstly we thought we were the most natural to in that business, and once we joined with Champ, who we thought were certainly the most prominent private investor group in that arena, we felt that it made sense for us to go public and let people know that we were intent on this acquisition. Certainly our company has far more synergies than anyone else because we have operations throughout Australia. Every little town that you'll find a Cleanaway depot and office, you'll normally find Transpacific there. By combining Australia's leading and largest liquid waste company with Australia's leading and largest solid waste company, you're going to have a company that is set to service the industry and commerce at large like certainly no other one in Australia.
ALAN KOHLER: But usually bidders at an auction try to appear casual or disinterested, thinking the vendor will jack up the price if they don't. I mean, you sort of present a picture of somebody who's prepared to pay whatever it takes to get Cleanaway, is that the case?
TERRY PEABODY: Well, to a degree. I mean, we're certainly not going to do anything that doesn't make sense for the company in the long term, but certainly I believe we're the best position to give Brambles the best price for that business. We bought several other businesses from Brambles over the last couple of years and they've become very successful, the people are extremely content working for our organisation and some of their people are in very prominent positions in our company. So I think we've demonstrated to Brambles that we're extremely responsible in those acquisitions and we certainly could and would be with Cleanaway.
ALAN KOHLER: The waste management business in Australia is quite fragmented. Do you have a longer-term plan to consolidate the industry, leaving aside Cleanaway, and get growth that way?
TERRY PEABODY: We certainly do, but once we purchase Cleanaway, I think more the major consolidations, the bolt-on-type acquisition that we've been doing in the liquid waste business will be more appropriate. However there certainly is a great opportunity ahead with the sale of the NSW waste business that's currently owned by the government and that's a business that would be very accretive and very complimentary to the Cleanaway assets that exist so we'll of course be very interested in that as well.
ALAN KOHLER: And, just in general, do you picture your company in future, Transpacific, becoming a global player?
TERRY PEABODY: In time, well, certainly in Asia, I think more confined to Asia. I believe the European markets and the North American markets are reasonably well catered for in out industry.
ALAN KOHLER: Have you identified any potential candidates in Asia now?
TERRY PEABODY: Not of huge significance, although we are working on a transaction in Beijing to recycle waste hydrocarbon oil and we're - that's at early stages but that would appear that it may be a sizeable opportunity. We do have a small business in Singapore, one in Malaysia and one in Taiwan, but they're quite small and they are certainly not hugely successful at this point in time.
ALAN KOHLER: You started out in business collecting fly ash from government power stations and selling it to concrete companies. Is there anything that you're doing now that has similar characteristics to that? I'm thinking particularly of biodiesel or recycling organic waste into power generation. Is that sort of a line of thought you're now pursuing?
TERRY PEABODY: Yes, it certainly is. In fact, we're very close to announcing the purchase of a biodiesel plant for our operations here in Queensland. We collect roughly 20 million litres a year of waste cooking oil, which is a very good feed stock for biodiesel, so our intention is to build a plant here and utilise that feed stock and value-add to it by producing a high-grade biodiesel.
ALAN KOHLER: I guess you're a company that benefits from regulation. Would it be fair to say that as governments around the world increase their environmental regulations, your business will benefit from that?
TERRY PEABODY: No, that's certainly true. Probably 70 per cent of the liquid waste that we collect today, in 1988 when we started was being either illegally dumped or going to landfill sites and contaminating the landfill sites. But not only regulation, but the policing of that regulation has changed our whole program in that regard and changed our whole business, and this, of course, is what we believe will ultimately happen in Asia.
ALAN KOHLER: Just on a personal note, Terry Peabody, you started with nothing and made a billion dollars. Not many people do that. How did you do it - what's the secret of that?
TERRY PEABODY: I don't think there's any secret. I guess, probably - and I don't like to talk about personal wealth - but probably the success that we've had in business is related to taking advantage of opportunities when they arose. And so many people believe that opportunity will wait, but it won't and you can't plan the timing of opportunity either. So, I guess if you had to pick out a single fact, probably the fact that we've always taken advantage of opportunity no matter of the timing.
ALAN KOHLER: Apart from your 51 per cent of Transpacific, your family also has a number of other businesses such as wine-making and distribution and also importing heavy commercial vehicles and transport. Any plans to float these other businesses?
TERRY PEABODY: No, certainly not. Those are family businesses of long standing and we'll continue to keep them as family businesses.
ALAN KOHLER: We'll have to leave it there, but thanks very much, Terry Peabody.
TERRY PEABODY: Thank you, Alan.
http://www.abc.net.au/insidebusiness/content/2006/s1612015.htm
http://www.abc.net.au/reslib/200604/r80622_232672.asx
http://www.abc.net.au/insidebusiness/content/2006/s1600989.htm
Why do you say they have done well since then?
Transpacific drives waste industry shake-up
Date : 09/04/2006
Reporter: Alan Kohler
ALAN KOHLER: In the recent flurry of takeover activity, the big $770 million merger between Transpacific Industries and its trans-Tasman rival, Waste Management New Zealand, has pretty well flown under the radar. While it's still to be formally approved, it's part of an extraordinarily rapid and aggressive consolidation of the waste management industry by Transpacific since it was floated last year. It also strengthens the company's position for the biggest catch of all - the Brambles' Cleanaway and Industrial Services divisions, which are on the block for, as some analysts are tipping, well over $1.5 billion. I spoke to the driving force of the waste industry shake-up, Transpacific's founder, major shareholder and executive chairman, Terry Peabody, from his Brisbane headquarters.
Terry Peabody, I count about half a dozen press releases about acquisitions since you floated Transpacific last year, culminating in the current bid for Waste Management of New Zealand. Is there any danger of making too many bids, of growing too fast, of getting indigestion?
TERRY PEABODY, EXECUTIVE CHAIRMAN, TRANSPACIFIC INDUSTRIES: Not really, Alan, I think something you need to realise is that this has been our mode for a number of years and actually, the New Zealand acquisition will be our 18th in the last year. But we've been traditionally doing this by taking on small, bolt-on acquisitions somewhere between $5 million and $20 million and tying them into our group and this is - about half our growth has been through acquisition and about half through organic growth historically.
ALAN KOHLER: So is this sort of acquisition program what you had in mind when you floated Transpacific? Is this why you went to the market for capital?
TERRY PEABODY: Yes, it really was. And although of course we weren't aware that the New Zealand transaction would occur, we certainly were aware that there was going to be opportunities to consolidate in the industry and it made a lot of sense to go public in that regard.
ALAN KOHLER: And you've said that your next plan is to bid for and win Cleanaway, the Brambles operation that's being sold. It's unusual to so publicly stalk another company like that. Why have you done that?
TERRY PEABODY: Firstly we thought we were the most natural to in that business, and once we joined with Champ, who we thought were certainly the most prominent private investor group in that arena, we felt that it made sense for us to go public and let people know that we were intent on this acquisition. Certainly our company has far more synergies than anyone else because we have operations throughout Australia. Every little town that you'll find a Cleanaway depot and office, you'll normally find Transpacific there. By combining Australia's leading and largest liquid waste company with Australia's leading and largest solid waste company, you're going to have a company that is set to service the industry and commerce at large like certainly no other one in Australia.
ALAN KOHLER: But usually bidders at an auction try to appear casual or disinterested, thinking the vendor will jack up the price if they don't. I mean, you sort of present a picture of somebody who's prepared to pay whatever it takes to get Cleanaway, is that the case?
TERRY PEABODY: Well, to a degree. I mean, we're certainly not going to do anything that doesn't make sense for the company in the long term, but certainly I believe we're the best position to give Brambles the best price for that business. We bought several other businesses from Brambles over the last couple of years and they've become very successful, the people are extremely content working for our organisation and some of their people are in very prominent positions in our company. So I think we've demonstrated to Brambles that we're extremely responsible in those acquisitions and we certainly could and would be with Cleanaway.
ALAN KOHLER: The waste management business in Australia is quite fragmented. Do you have a longer-term plan to consolidate the industry, leaving aside Cleanaway, and get growth that way?
TERRY PEABODY: We certainly do, but once we purchase Cleanaway, I think more the major consolidations, the bolt-on-type acquisition that we've been doing in the liquid waste business will be more appropriate. However there certainly is a great opportunity ahead with the sale of the NSW waste business that's currently owned by the government and that's a business that would be very accretive and very complimentary to the Cleanaway assets that exist so we'll of course be very interested in that as well.
ALAN KOHLER: And, just in general, do you picture your company in future, Transpacific, becoming a global player?
TERRY PEABODY: In time, well, certainly in Asia, I think more confined to Asia. I believe the European markets and the North American markets are reasonably well catered for in out industry.
ALAN KOHLER: Have you identified any potential candidates in Asia now?
TERRY PEABODY: Not of huge significance, although we are working on a transaction in Beijing to recycle waste hydrocarbon oil and we're - that's at early stages but that would appear that it may be a sizeable opportunity. We do have a small business in Singapore, one in Malaysia and one in Taiwan, but they're quite small and they are certainly not hugely successful at this point in time.
ALAN KOHLER: You started out in business collecting fly ash from government power stations and selling it to concrete companies. Is there anything that you're doing now that has similar characteristics to that? I'm thinking particularly of biodiesel or recycling organic waste into power generation. Is that sort of a line of thought you're now pursuing?
TERRY PEABODY: Yes, it certainly is. In fact, we're very close to announcing the purchase of a biodiesel plant for our operations here in Queensland. We collect roughly 20 million litres a year of waste cooking oil, which is a very good feed stock for biodiesel, so our intention is to build a plant here and utilise that feed stock and value-add to it by producing a high-grade biodiesel.
ALAN KOHLER: I guess you're a company that benefits from regulation. Would it be fair to say that as governments around the world increase their environmental regulations, your business will benefit from that?
TERRY PEABODY: No, that's certainly true. Probably 70 per cent of the liquid waste that we collect today, in 1988 when we started was being either illegally dumped or going to landfill sites and contaminating the landfill sites. But not only regulation, but the policing of that regulation has changed our whole program in that regard and changed our whole business, and this, of course, is what we believe will ultimately happen in Asia.
ALAN KOHLER: Just on a personal note, Terry Peabody, you started with nothing and made a billion dollars. Not many people do that. How did you do it - what's the secret of that?
TERRY PEABODY: I don't think there's any secret. I guess, probably - and I don't like to talk about personal wealth - but probably the success that we've had in business is related to taking advantage of opportunities when they arose. And so many people believe that opportunity will wait, but it won't and you can't plan the timing of opportunity either. So, I guess if you had to pick out a single fact, probably the fact that we've always taken advantage of opportunity no matter of the timing.
ALAN KOHLER: Apart from your 51 per cent of Transpacific, your family also has a number of other businesses such as wine-making and distribution and also importing heavy commercial vehicles and transport. Any plans to float these other businesses?
TERRY PEABODY: No, certainly not. Those are family businesses of long standing and we'll continue to keep them as family businesses.
ALAN KOHLER: We'll have to leave it there, but thanks very much, Terry Peabody.
TERRY PEABODY: Thank you, Alan.
http://www.abc.net.au/insidebusiness/content/2006/s1612015.htm
http://www.abc.net.au/reslib/200604/r80622_232672.asx
http://www.abc.net.au/insidebusiness/content/2006/s1600989.htm
Chief Wigam
19th-May-2006, 12:05 AM
Down significantly from recent highs.
I am still holding. How's everyone else going?
I am still holding. How's everyone else going?
GreatPig
19th-May-2006, 08:18 AM
Yes, I'm still holding. Looking for support around current level, otherwise I'll be out.
Cheers,
GP
Cheers,
GP
GreatPig
19th-May-2006, 10:16 AM
Now I'm out.
GP
GP
GreatPig
19th-May-2006, 01:00 PM
And at an opportune time it would seem.
Sold for $8.57. Currently $8.26.
GP
Sold for $8.57. Currently $8.26.
GP
Chief Wigam
19th-May-2006, 01:35 PM
good for you GP.
I am still holding. I need to give it another day.
Technically it may bounce back up in the next few days. It's gone done too sharply in the last few days.
I am still holding. I need to give it another day.
Technically it may bounce back up in the next few days. It's gone done too sharply in the last few days.
michael_selway
19th-May-2006, 02:04 PM
good for you GP.
I am still holding. I need to give it another day.
Technically it may bounce back up in the next few days. It's gone done too sharply in the last few days.
yeah but it has gone up alot in a short period of time also
Btw when are they buying cleanaway?
thx
MS
I am still holding. I need to give it another day.
Technically it may bounce back up in the next few days. It's gone done too sharply in the last few days.
yeah but it has gone up alot in a short period of time also
Btw when are they buying cleanaway?
thx
MS
Chief Wigam
3rd-June-2006, 03:16 AM
We should know more about Cleanaway by the end of this month.
I sold all my holdings for 9.39 yesterday. So I'm out. Bought in at 4.49 around late last year. Had a good run.
I sold all my holdings for 9.39 yesterday. So I'm out. Bought in at 4.49 around late last year. Had a good run.
michael_selway
4th-June-2006, 12:56 PM
We should know more about Cleanaway by the end of this month.
I sold all my holdings for 9.39 yesterday. So I'm out. Bought in at 4.49 around late last year. Had a good run.
Wow sold everthing? so u dont think it can go up or go up much more from here?
thx
MS
I sold all my holdings for 9.39 yesterday. So I'm out. Bought in at 4.49 around late last year. Had a good run.
Wow sold everthing? so u dont think it can go up or go up much more from here?
thx
MS
Chief Wigam
18th-June-2006, 12:12 AM
Yes and picked the recent high too.
I reckon they may post a positive announcement soon based on their track record, so I may get back in if and when the time is right.
I reckon they may post a positive announcement soon based on their track record, so I may get back in if and when the time is right.
Chief Wigam
20th-June-2006, 12:06 AM
Now that the Cleanaway bid has been lost, as expected based on dropping share price in recent weeks, I am looking forward to another acquisition announcement soon. I'm holding TOX as a potential takeover play.
michael_selway
20th-June-2006, 08:42 AM
Now that the Cleanaway bid has been lost, as expected based on dropping share price in recent weeks, I am looking forward to another acquisition announcement soon. I'm holding TOX as a potential takeover play.
WIll u buy back in TPI?
thx
MS
WIll u buy back in TPI?
thx
MS
Chief Wigam
23rd-June-2006, 12:00 AM
Mike, Not yet. Are you trading it, or holding?
michael_selway
23rd-June-2006, 12:30 AM
Mike, Not yet. Are you trading it, or holding?
neither, but thinking about buying, but not too sure atm
thx
MS
neither, but thinking about buying, but not too sure atm
thx
MS
michael_selway
1st-July-2006, 08:44 PM
Waste takeovers just got pricier
Back
Date: 27/6/2006
Author: Henry Byrne
Source: The Australian Financial Review --- Page: 21
The future of Australian waste management firm, Transpacific Industries, is under a cloud. Some analysts believe its failure to buy Brambles' Cleanaway and Industrial Services businesses creates strategic problems. On the other hand, there are those who point to the size of the integration task this would have posed and its impact on earnings. The waste management sector comprises many small businesses, which means there are still buying opportunities for Transpacific. The company itself concedes that slower growth will create more value for shareholders over the medium to long term
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 11.4 24.2 36.7 47.6
DPS -- 11.2 17.0 24.2
thx
MS
Back
Date: 27/6/2006
Author: Henry Byrne
Source: The Australian Financial Review --- Page: 21
The future of Australian waste management firm, Transpacific Industries, is under a cloud. Some analysts believe its failure to buy Brambles' Cleanaway and Industrial Services businesses creates strategic problems. On the other hand, there are those who point to the size of the integration task this would have posed and its impact on earnings. The waste management sector comprises many small businesses, which means there are still buying opportunities for Transpacific. The company itself concedes that slower growth will create more value for shareholders over the medium to long term
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 11.4 24.2 36.7 47.6
DPS -- 11.2 17.0 24.2
thx
MS
Chief Wigam
7th-August-2006, 12:45 AM
Michael, did you end up buying or leaving this in the too hard basket?
I can't find much coverage of TPI by analysts. Have you see any other articles?
I can't find much coverage of TPI by analysts. Have you see any other articles?
michael_selway
8th-August-2006, 09:56 AM
Michael, did you end up buying or leaving this in the too hard basket?
I can't find much coverage of TPI by analysts. Have you see any other articles?
Hi CW, nope didnt by any but ut appears directors have
Date: 7/8/2006
Author: Nina Wan
Source: The Australian Financial Review --- Page: 17
Transpacific Industries and CuDeco have both enjoyed director share purchases in late July and early August 2006. Non-executive director John Richards acquired 300,000 shares in Transpacific between 27 July and 1 August, and another non-executive director, Bruce Brown, bought 15,000 shares on 1 August. The Australian waste management company suffered a 32% share price crash over the three months since early May, but began an upturn in early August after it announced a series of acquisitions. Meanwhile CuDeco chair Wayne McCrae acquired yet more of the colourful copper miner's stock, purchasing 16,700 shares on 26 July. On 4 August Transpacific closed at $A6.76 per share and CuDeco closed at $A3.15
thx
MS
I can't find much coverage of TPI by analysts. Have you see any other articles?
Hi CW, nope didnt by any but ut appears directors have
Date: 7/8/2006
Author: Nina Wan
Source: The Australian Financial Review --- Page: 17
Transpacific Industries and CuDeco have both enjoyed director share purchases in late July and early August 2006. Non-executive director John Richards acquired 300,000 shares in Transpacific between 27 July and 1 August, and another non-executive director, Bruce Brown, bought 15,000 shares on 1 August. The Australian waste management company suffered a 32% share price crash over the three months since early May, but began an upturn in early August after it announced a series of acquisitions. Meanwhile CuDeco chair Wayne McCrae acquired yet more of the colourful copper miner's stock, purchasing 16,700 shares on 26 July. On 4 August Transpacific closed at $A6.76 per share and CuDeco closed at $A3.15
thx
MS
Julia
8th-August-2006, 10:33 AM
TPI have also come out with a new hybrid security paying around 10.8%.
Don't know the details yet.
Julia
Don't know the details yet.
Julia
Chief Wigam
8th-August-2006, 12:09 PM
No I haven't dared enter yet either. Some really small buyers today buying 1, 14, 15 shares each etc, I have noticed. Not sure if that is what happens every day cause I don't watch the screen that much. Any ideas what that might be?
Chief Wigam
8th-August-2006, 12:20 PM
How they are going to consolidate all those acquisitions is somewhat concerning. They also have high debt. If they fail to impress at the FY06 results announcement, they will get smashed.
Chief Wigam
8th-September-2006, 01:00 AM
Big announcement due tomorrow.
michael_selway
9th-September-2006, 12:04 AM
Big announcement due tomorrow.
hi what happened?
thx
MS
hi what happened?
thx
MS
Chief Wigam
9th-September-2006, 02:31 AM
nothing. the sp is going to do nothing for a while. I thought an acquisition was going to be announced, but frankly, even if it was, the sp would still have done nothing.
Chief Wigam
21st-October-2006, 02:28 AM
Bought back in at 8.01
michael_selway
21st-October-2006, 02:48 PM
Bought back in at 8.01
really how come?
thx
MS
really how come?
thx
MS
rosie
21st-October-2006, 03:23 PM
tech/a, is that chart TPI? my data is quite different to that chart.
rosie
21st-October-2006, 03:28 PM
Disregard tech/a, was looking at an earlier page :banghead:
Lachlan6
21st-October-2006, 09:56 PM
Look how well the fibonacci works again. Dropped to round 50% retracement. Will need a break above $8.50 to retest all time highs and blue sky.
Chief Wigam
26th-October-2006, 01:46 AM
It could get there sooner rather than later. There appears to be a seller at 8.20 roadblocking, but finding enough buyers. It wants to push higher...need to get him out of the way first. :rocketwho
Chief Wigam
1st-November-2006, 12:03 PM
Bought some more at 8.00 today
Chief Wigam
7th-November-2006, 02:44 PM
Sold out at 8.20 today. I was getting too impatient with the stubborn seller at 8.20.
Chief Wigam
15th-November-2006, 02:31 AM
Bought back in at 7.99 but sold out today at 8.34
Interesting day tomorrow.
Interesting day tomorrow.
Chief Wigam
2nd-January-2007, 05:37 PM
Oh well I missed the run from 8.34, but finally bought back in today at 9.41. Most of what is known to the market has been known for some time and yet the sp still edges higher. I can't see much down side from here and it should quickly test all time highs again.
michael_selway
2nd-January-2007, 06:59 PM
Oh well I missed the run from 8.34, but finally bought back in today at 9.41. Most of what is known to the market has been known for some time and yet the sp still edges higher. I can't see much down side from here and it should quickly test all time highs again.
hm are you sure dude? $10 is pretty strong resistance one would think imo
High foward PE at $9.41?
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 22.6 39.5 47.9 54.1
DPS 9.3 15.8 21.0 25.0
EPS(c) PE Growth
Year Ending 30-06-07 39.5 24.2 74.9%
Year Ending 30-06-08 47.9 19.9 21.3%
thx
MS
hm are you sure dude? $10 is pretty strong resistance one would think imo
High foward PE at $9.41?
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 22.6 39.5 47.9 54.1
DPS 9.3 15.8 21.0 25.0
EPS(c) PE Growth
Year Ending 30-06-07 39.5 24.2 74.9%
Year Ending 30-06-08 47.9 19.9 21.3%
thx
MS
Chief Wigam
3rd-January-2007, 10:44 AM
Michael,
The only reason sp fell back from it's all time highs was due to the disappointment of Transpacific's failure earlier this year to buy rival Cleanaway.
It will more than make up for it with other acquisitions.
The industry is ripe for consolidation and the owner and Board are aggressive.
Some money has been taken off the table yesterday and I suspect today, possibly due to people needing funds to buy into resource stocks which are doing very well this week.
The only reason sp fell back from it's all time highs was due to the disappointment of Transpacific's failure earlier this year to buy rival Cleanaway.
It will more than make up for it with other acquisitions.
The industry is ripe for consolidation and the owner and Board are aggressive.
Some money has been taken off the table yesterday and I suspect today, possibly due to people needing funds to buy into resource stocks which are doing very well this week.
Chief Wigam
8th-February-2007, 02:15 AM
Man I am surprised there is not more commentary about this stock. A good run of late.
I am still holding from my last purchase and happy to hold until the technicals change. Is there any one out there still following?
I am still holding from my last purchase and happy to hold until the technicals change. Is there any one out there still following?
Chief Wigam
24th-March-2007, 03:56 AM
A leading Chartist with regular newsletter has an upside target price out on this stock at $12-$12.50.
Brokers remain bullish on it too.
:)
I doubled up at 10.04 last week and still hold my earlier parcel from 9.41.
Brokers remain bullish on it too.
:)
I doubled up at 10.04 last week and still hold my earlier parcel from 9.41.
TheRage
24th-March-2007, 07:23 AM
Man I am surprised there is not more commentary about this stock. A good run of late.
It's not a uranium or gold share with little chance of going to production :D . I have my eye on TPI and number of other industrials. I am patiently waiting for interest to creep back into these areas.
It's not a uranium or gold share with little chance of going to production :D . I have my eye on TPI and number of other industrials. I am patiently waiting for interest to creep back into these areas.
Chief Wigam
28th-April-2007, 12:41 AM
Rage, did you decide to buy?
Technical target of between 12 - 12.50 has been reached.
Where to from here?
Technical target of between 12 - 12.50 has been reached.
Where to from here?
Chief Wigam
10th-May-2007, 01:20 AM
Well I sold everything at 12.887 average, last Thu/Fri expecting a correction. Will be watching closely tomorrow.
:millhouse
:millhouse
muddywaters
15th-May-2007, 03:40 PM
Tpi halt today and BIS Cleanaway's notes (BCY) in halt within a few minutes.
Hmmm.
Any idea which way this will go anyone?
Hmmm.
Any idea which way this will go anyone?
Chief Wigam
21st-June-2007, 12:13 AM
Interesting time for the chart of TPI.
I suspect fund managers will buy in prior to June 30 to window dress.
I suspect fund managers will buy in prior to June 30 to window dress.
Chief Wigam
30th-July-2007, 02:20 AM
Great time to top up.
Unfortunately I bought more on Thursday at 13.75 - got my timing all wrong.
Will just have to see the day out tomorrow now as I have no more funds.
Still holding earlier parcel i got for 13.46 a couple of weeks back.
Now my biggest holding.
Unfortunately I bought more on Thursday at 13.75 - got my timing all wrong.
Will just have to see the day out tomorrow now as I have no more funds.
Still holding earlier parcel i got for 13.46 a couple of weeks back.
Now my biggest holding.
Chief Wigam
29th-September-2007, 03:25 AM
Article on 26 Sep in The Australian
TRANSPACIFIC Industries' stock price fell 3 per cent to $11.04 yesterday, which is the natural result when the buyer who accounted for some 52 per cent of the volume in the past week was absent.
The buyer, as noted yesterday, was company boss Terry Peabody, who picked up about $38 million worth of stock, because he thought it was ridiculously cheap.
Next month, Peabody will travel to the US as part of the planned roadshow to sell some $400 million in equity to US investors in a private placement.
But for the cynics who were tipping another share issue, Peabody confided to this column yesterday "there will be no new equity issue this year or next unless we have another big acquisition".
As for the $2 billion in debt to roll over in December, the company will wait until then to avoid the increased funding costs, which will add some $14 million to the interest bill, with the spread over Libor to increase 30 to 100 basis points.
Looking forward to the road show.
TRANSPACIFIC Industries' stock price fell 3 per cent to $11.04 yesterday, which is the natural result when the buyer who accounted for some 52 per cent of the volume in the past week was absent.
The buyer, as noted yesterday, was company boss Terry Peabody, who picked up about $38 million worth of stock, because he thought it was ridiculously cheap.
Next month, Peabody will travel to the US as part of the planned roadshow to sell some $400 million in equity to US investors in a private placement.
But for the cynics who were tipping another share issue, Peabody confided to this column yesterday "there will be no new equity issue this year or next unless we have another big acquisition".
As for the $2 billion in debt to roll over in December, the company will wait until then to avoid the increased funding costs, which will add some $14 million to the interest bill, with the spread over Libor to increase 30 to 100 basis points.
Looking forward to the road show.
michael_selway
29th-September-2007, 09:06 AM
Article on 26 Sep in The Australian
TRANSPACIFIC Industries' stock price fell 3 per cent to $11.04 yesterday, which is the natural result when the buyer who accounted for some 52 per cent of the volume in the past week was absent.
The buyer, as noted yesterday, was company boss Terry Peabody, who picked up about $38 million worth of stock, because he thought it was ridiculously cheap.
Next month, Peabody will travel to the US as part of the planned roadshow to sell some $400 million in equity to US investors in a private placement.
But for the cynics who were tipping another share issue, Peabody confided to this column yesterday "there will be no new equity issue this year or next unless we have another big acquisition".
As for the $2 billion in debt to roll over in December, the company will wait until then to avoid the increased funding costs, which will add some $14 million to the interest bill, with the spread over Libor to increase 30 to 100 basis points.
Looking forward to the road show.
They have a lot of debt?
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 41.4 60.7 71.1 78.0
DPS 11.7 19.0 23.0 28.0
thx
MS
TRANSPACIFIC Industries' stock price fell 3 per cent to $11.04 yesterday, which is the natural result when the buyer who accounted for some 52 per cent of the volume in the past week was absent.
The buyer, as noted yesterday, was company boss Terry Peabody, who picked up about $38 million worth of stock, because he thought it was ridiculously cheap.
Next month, Peabody will travel to the US as part of the planned roadshow to sell some $400 million in equity to US investors in a private placement.
But for the cynics who were tipping another share issue, Peabody confided to this column yesterday "there will be no new equity issue this year or next unless we have another big acquisition".
As for the $2 billion in debt to roll over in December, the company will wait until then to avoid the increased funding costs, which will add some $14 million to the interest bill, with the spread over Libor to increase 30 to 100 basis points.
Looking forward to the road show.
They have a lot of debt?
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 41.4 60.7 71.1 78.0
DPS 11.7 19.0 23.0 28.0
thx
MS
Chief Wigam
15th-October-2007, 11:01 PM
Well I sold out last week at 11.13 for better opportunities.
I think the US market is heading for a correction, or at least due for one.
I don't want to be left holding the bag.
Peabody's buying has dried up.
Share price won't do much in the short term anyway, at least not until they get the debt levels manageable. Peabody buying doesn't mean there will be price appreciation in the short term. He is a long term investor and was working on these deals for 10 years prior to floating half the company.
I just think parking money into TPI at this time, isn't smart. As I said there are stacks of resource companies with huge upside that just can't be ignored.
I think the US market is heading for a correction, or at least due for one.
I don't want to be left holding the bag.
Peabody's buying has dried up.
Share price won't do much in the short term anyway, at least not until they get the debt levels manageable. Peabody buying doesn't mean there will be price appreciation in the short term. He is a long term investor and was working on these deals for 10 years prior to floating half the company.
I just think parking money into TPI at this time, isn't smart. As I said there are stacks of resource companies with huge upside that just can't be ignored.
hypnotic
15th-October-2007, 11:59 PM
Well I sold out last week at 11.13 for better opportunities.
I think the US market is heading for a correction, or at least due for one.
I don't want to be left holding the bag.
Peabody's buying has dried up.
Share price won't do much in the short term anyway, at least not until they get the debt levels manageable. Peabody buying doesn't mean there will be price appreciation in the short term. He is a long term investor and was working on these deals for 10 years prior to floating half the company.
I just think parking money into TPI at this time, isn't smart. As I said there are stacks of resource companies with huge upside that just can't be ignored.
Here is what i feel about the company,
1. Well Chairman bought $45m of shares i believe this is exceptionally cheap, i don't think he would be buyign $45mil in hope to lose it right?? In the short term we may not see any difference but medium - long term we might see something significant.
2. The takeover of Cleanaway makes them a dominate player in the game and i am sure there will be streamlined too with good synergies, cost savings and market power.
3. The major shareholders are are huge with Tandom Pty Ltd with 19.5%, Brenzil Pty Ltd 17.93%, and Filmore Ltd with 10.46%, looks like some people really like the company
4. Technically TPI is looking pretty good, MACD is heading up since mid Aug and has just crossed the 0. Got some good volume lately especially the flay break on the 24th Sep, pretty bullish sign. Up 1% edging to breakout of $11.50 ressitance.
They are my thoughts only.
Anyone have any other thoughts technically??
Hypnotic
I think the US market is heading for a correction, or at least due for one.
I don't want to be left holding the bag.
Peabody's buying has dried up.
Share price won't do much in the short term anyway, at least not until they get the debt levels manageable. Peabody buying doesn't mean there will be price appreciation in the short term. He is a long term investor and was working on these deals for 10 years prior to floating half the company.
I just think parking money into TPI at this time, isn't smart. As I said there are stacks of resource companies with huge upside that just can't be ignored.
Here is what i feel about the company,
1. Well Chairman bought $45m of shares i believe this is exceptionally cheap, i don't think he would be buyign $45mil in hope to lose it right?? In the short term we may not see any difference but medium - long term we might see something significant.
2. The takeover of Cleanaway makes them a dominate player in the game and i am sure there will be streamlined too with good synergies, cost savings and market power.
3. The major shareholders are are huge with Tandom Pty Ltd with 19.5%, Brenzil Pty Ltd 17.93%, and Filmore Ltd with 10.46%, looks like some people really like the company
4. Technically TPI is looking pretty good, MACD is heading up since mid Aug and has just crossed the 0. Got some good volume lately especially the flay break on the 24th Sep, pretty bullish sign. Up 1% edging to breakout of $11.50 ressitance.
They are my thoughts only.
Anyone have any other thoughts technically??
Hypnotic
muddywaters
16th-October-2007, 07:47 AM
Hypnotic, you p[osted "3. The major shareholders are are huge with Tandom Pty Ltd with 19.5%, Brenzil Pty Ltd 17.93%, and Filmore Ltd with 10.46%, looks like some people really like the company"
These are all Peabod companies. See latest 3b for confirmation.
These are all Peabod companies. See latest 3b for confirmation.
hypnotic
16th-October-2007, 07:30 PM
Sorry i didn't know about that......
That makes it really interesting then. why would you buy so much stake if you don't believe in the value and future growth company???
Sounds like a positive thing right?
Hypnotic
That makes it really interesting then. why would you buy so much stake if you don't believe in the value and future growth company???
Sounds like a positive thing right?
Hypnotic
Dutchy3
4th-November-2007, 12:51 PM
Hi Everyone
I'll bite ... reasonable happy with the weekly trend on this one and the short term weakness since June ish could soon prove to be a nice way to compound some capital ... waiting for a signal
I'll bite ... reasonable happy with the weekly trend on this one and the short term weakness since June ish could soon prove to be a nice way to compound some capital ... waiting for a signal
Chief Wigam
12th-November-2007, 10:27 PM
Nice chart Dutchy.
The GMMA was quite useful for me when I was trading the uptrend.
Unfortunately held on too long and gave away a fair amount of profit.
I still think this will test recent lows in Aug and Sep.
I'd like to see the averages converge first before buying in. At least that is what Guppy teaches.
The GMMA was quite useful for me when I was trading the uptrend.
Unfortunately held on too long and gave away a fair amount of profit.
I still think this will test recent lows in Aug and Sep.
I'd like to see the averages converge first before buying in. At least that is what Guppy teaches.
Chief Wigam
13th-January-2008, 04:14 PM
Anyone still looking at this one?
I would think this industry will see investors flock to it, as there will always be waste generated and therefore needing processing, regardless of whether there is a recession in the US and slows growth elsewhere.
I would think this industry will see investors flock to it, as there will always be waste generated and therefore needing processing, regardless of whether there is a recession in the US and slows growth elsewhere.
nikkothescorpio
21st-January-2008, 12:37 PM
With the trend now being to hammer any company with an above average level of debit on its books - does anyone think that TPI could be one of the next ones up on the chopping block?
I hold myself but am beginning to feel that I need to tighten my stops up on it as its sliding and might pull an Allco or MFS anytime soon.
I hold myself but am beginning to feel that I need to tighten my stops up on it as its sliding and might pull an Allco or MFS anytime soon.
Chief Wigam
21st-January-2008, 12:46 PM
Cannot see it is going to go down much further. TPI is making lots of money. They have recently confirmed profit guidance.
Brokers have their valuations still around and above $13.
They will do well since their operations are all in Oz and whilst business is doing well, waste will be produced.
TPI also have Nationwide Oil, which sells recycled oil which can be blended into diesel. Raw material is free for them as they have truck collection service which picks up the waste oil from around the country. The price they sell it at follows the oil price. This business was profitable 6-10 years back when the price of oil was low, so imagine what it is making now.
Brokers have their valuations still around and above $13.
They will do well since their operations are all in Oz and whilst business is doing well, waste will be produced.
TPI also have Nationwide Oil, which sells recycled oil which can be blended into diesel. Raw material is free for them as they have truck collection service which picks up the waste oil from around the country. The price they sell it at follows the oil price. This business was profitable 6-10 years back when the price of oil was low, so imagine what it is making now.
alicemaude
29th-January-2008, 07:39 PM
I have been watching this one for some time and have held it in the past (made a small amount out of it) but I think that it should have a good future as it is a growing product and as councils want increased recycling etc there may be a good chance for growth. The price at the moment is looking good (but that is just my thoughts so do your own research as I am often wrong).
subaru69
22nd-July-2008, 09:03 PM
Once again the scent has gone cold on a stock...could it be that no-one wants to talk when their investment has plummeted. :flush:
Well here's some good news. :band
TPI up 28% from it's bottom of $6. :bounce:
I'm not going to pretend I was smart/lucky enough to buy there but there does seem to be further upside.
If there are any FA/TA individuals who would like to comment, it would be much appreciated.:bowdown:
Well here's some good news. :band
TPI up 28% from it's bottom of $6. :bounce:
I'm not going to pretend I was smart/lucky enough to buy there but there does seem to be further upside.
If there are any FA/TA individuals who would like to comment, it would be much appreciated.:bowdown:
Gundini
15th-December-2008, 08:45 PM
TPI at $1.90.
Has a big debt!
But people create rubbish.
What, nobody throwing rubbish out anymore?
Has a big debt!
But people create rubbish.
What, nobody throwing rubbish out anymore?
Chief Wigam
15th-December-2008, 09:16 PM
They keep talking about further acquisitions.
Probably good in that they could pick up co's fairly cheaply at this time, but market obviously thinks they have to much debt already.
Probably good in that they could pick up co's fairly cheaply at this time, but market obviously thinks they have to much debt already.
Gundini
15th-December-2008, 10:13 PM
Yes, but the sales are on!
Surely the lower fuel price must help them.
Don't know about you, but I have a s--- load of garbage to clear!
Surely the lower fuel price must help them.
Don't know about you, but I have a s--- load of garbage to clear!
Gundini
17th-December-2008, 11:21 AM
Had to lock in profit for this one today.
Up 15% on no news :eek:
Will wait for another pullback to re-enter.
Seems to be very volitile this stock, can't imagine it can sustain such a fast pace!
Up 15% on no news :eek:
Will wait for another pullback to re-enter.
Seems to be very volitile this stock, can't imagine it can sustain such a fast pace!
skc
17th-December-2008, 11:34 AM
TPI at $1.90.
Has a big debt!
But people create rubbish.
What, nobody throwing rubbish out anymore?
Applying the same logic...
ABC Learning at 50c.
Has a big debt!
But people have kids.
What, nobody having kids in childcare anymore?
Has a big debt!
But people create rubbish.
What, nobody throwing rubbish out anymore?
Applying the same logic...
ABC Learning at 50c.
Has a big debt!
But people have kids.
What, nobody having kids in childcare anymore?
michael_selway
17th-December-2008, 12:45 PM
TPI at $1.90.
Has a big debt!
But people create rubbish.
What, nobody throwing rubbish out anymore?
Hm but there is no growth in "rubbish"? peopel have more garbage to throw out in future? :)
Also do you know how much debt they have? Articles in BRW and AFR this week listing stocks with lowest interest cover (i heard)...
Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 58.4 64.5 73.0 81.1
DPS 18.1 19.7 22.5 25.1
http://www.******************/images/stockpricecharts/600_420/TPI.jpg
thx
MS
Has a big debt!
But people create rubbish.
What, nobody throwing rubbish out anymore?
Hm but there is no growth in "rubbish"? peopel have more garbage to throw out in future? :)
Also do you know how much debt they have? Articles in BRW and AFR this week listing stocks with lowest interest cover (i heard)...
Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 58.4 64.5 73.0 81.1
DPS 18.1 19.7 22.5 25.1
http://www.******************/images/stockpricecharts/600_420/TPI.jpg
thx
MS
prawn_86
18th-December-2008, 03:51 PM
Had to lock in profit for this one today.
Up 15% on no news :eek:
Will wait for another pullback to re-enter.
Seems to be very volitile this stock, can't imagine it can sustain such a fast pace!
Kept going up today. I wonder why. Profits a profit still well done Gundini, what was your criteria for exit?
Up 15% on no news :eek:
Will wait for another pullback to re-enter.
Seems to be very volitile this stock, can't imagine it can sustain such a fast pace!
Kept going up today. I wonder why. Profits a profit still well done Gundini, what was your criteria for exit?
Gundini
18th-December-2008, 04:47 PM
Kept going up today. I wonder why. Profits a profit still well done Gundini, what was your criteria for exit?
Not really sure why it is going up, prehaps interest rates in a heavy decline takes the heat off their enormous debt.
As for the exit stratergy, simple really. 20% profit in 3 days was worth locking in. Also, this was one of my first purchases in 15 months, and still a little tentitive and unsure. The debt worries me alot but the stock came off so hard it was worth a trade imo. 40% + growth rate in all major indicators made it enticing!
In hindsight I should have held the stock, but happy with my profit.
Not really sure why it is going up, prehaps interest rates in a heavy decline takes the heat off their enormous debt.
As for the exit stratergy, simple really. 20% profit in 3 days was worth locking in. Also, this was one of my first purchases in 15 months, and still a little tentitive and unsure. The debt worries me alot but the stock came off so hard it was worth a trade imo. 40% + growth rate in all major indicators made it enticing!
In hindsight I should have held the stock, but happy with my profit.
Thrive
29th-December-2008, 10:09 PM
TPI debt:
$0.7b maturing in Dec 2009 (1 year out)
$1.4b maturing in Dec 2010 (2 years out)
$0.5b maturing in 2014 and beyond
Large debt can be good and bad?
Bad - Only recently due to banks less willing to rollover maturing debt, however is this only the case with businesses either directly exposed to the crisis, likely to see less demand for their product or profit forecasts being downgraded.
TPI is not impacted by any of these, so assuming banks have funding available which I believe the deposit guarantee is helping raise funds offshore I believe this wont be an issue for TPI.
Good - Rates have plummeted 3% odd recently, assuming TPI's 2.1b debt maturing in the next 2 years is on a floating rate their interest cost most likely fell by $50m+ pa.
TPI's net profit is running around $175m to benefit $930m (19%) in shareholder capital. Assume TPI replaced its debt with shareholder capital this would increase net profit to around $300m to the benefit of $3.5b in shareholder capital (9%). I hope they gradually reduce debt from profit rather than raise capital to do it. Capital gains will give us the returns we want.
I hope they stay in regular contact with their banks to ensure rollover wont be an issue - which I'm confident their doing.
I think investors are staying away from TPI for debt reasons only, so should debt concerns reduce or disappear TPI sp will quickly return IMO.
TPI is hungry for growth and with some businesses looking cheap I have no doubt that if they can get their sp back up over $5 they will pounce on competitors with a takeover using script. This could be good assuming they target the right companies.
The only bad news I see from a profit outlook is truck purchases are likely to be well down (hopefully offset by spare parts sales) and the price of oil has dropped impacting the energy division.
TPI sp has much further to go IMO.
Debt information was obtained from TPI's November 08 AGM presentation so I assume that is all. This post is my thoughts only please do not rely on it for its accuracy.
Disclaimer - I own TPI shares.
Thrive
$0.7b maturing in Dec 2009 (1 year out)
$1.4b maturing in Dec 2010 (2 years out)
$0.5b maturing in 2014 and beyond
Large debt can be good and bad?
Bad - Only recently due to banks less willing to rollover maturing debt, however is this only the case with businesses either directly exposed to the crisis, likely to see less demand for their product or profit forecasts being downgraded.
TPI is not impacted by any of these, so assuming banks have funding available which I believe the deposit guarantee is helping raise funds offshore I believe this wont be an issue for TPI.
Good - Rates have plummeted 3% odd recently, assuming TPI's 2.1b debt maturing in the next 2 years is on a floating rate their interest cost most likely fell by $50m+ pa.
TPI's net profit is running around $175m to benefit $930m (19%) in shareholder capital. Assume TPI replaced its debt with shareholder capital this would increase net profit to around $300m to the benefit of $3.5b in shareholder capital (9%). I hope they gradually reduce debt from profit rather than raise capital to do it. Capital gains will give us the returns we want.
I hope they stay in regular contact with their banks to ensure rollover wont be an issue - which I'm confident their doing.
I think investors are staying away from TPI for debt reasons only, so should debt concerns reduce or disappear TPI sp will quickly return IMO.
TPI is hungry for growth and with some businesses looking cheap I have no doubt that if they can get their sp back up over $5 they will pounce on competitors with a takeover using script. This could be good assuming they target the right companies.
The only bad news I see from a profit outlook is truck purchases are likely to be well down (hopefully offset by spare parts sales) and the price of oil has dropped impacting the energy division.
TPI sp has much further to go IMO.
Debt information was obtained from TPI's November 08 AGM presentation so I assume that is all. This post is my thoughts only please do not rely on it for its accuracy.
Disclaimer - I own TPI shares.
Thrive
babka
30th-December-2008, 11:10 AM
Thrive,
thanks for your post - very informative. I share your opinion and too believe in TPI further growth and prosperity. I own TPI shares, albeit not too many. Will buy more very soon.
thanks for your post - very informative. I share your opinion and too believe in TPI further growth and prosperity. I own TPI shares, albeit not too many. Will buy more very soon.
oldblue
30th-December-2008, 12:07 PM
Thrive, you make a good point.
It's very easy to overdo the negative aspect of debt in today's circumstances and to conclude that financiers want all debt repaid as soon as it falls due. Banks need to continue to lend to creditworthy borrowers if they are to stay in business and make profits.
I'll be having a closer look at TPI.
;)
It's very easy to overdo the negative aspect of debt in today's circumstances and to conclude that financiers want all debt repaid as soon as it falls due. Banks need to continue to lend to creditworthy borrowers if they are to stay in business and make profits.
I'll be having a closer look at TPI.
;)
oldblue
5th-February-2009, 03:56 PM
Any particular reason why the TPI SP should be down 9% today?
My own guess is the market getting unnerved by capital raisings at big discounts, eg today's SUN announcement, and fears that TPI may need to do something similar.
I have it on my watchlist but waiting to see developments.
My own guess is the market getting unnerved by capital raisings at big discounts, eg today's SUN announcement, and fears that TPI may need to do something similar.
I have it on my watchlist but waiting to see developments.
Thrive
5th-February-2009, 07:13 PM
Any particular reason why the TPI SP should be down 9% today?
My own guess is the market getting unnerved by capital raisings at big discounts, eg today's SUN announcement, and fears that TPI may need to do something similar.
I have it on my watchlist but waiting to see developments.
SP has taken a hit the last couple of weeks. High 3's and now $2.50. I got greedy on this one - nice profit now gone.
I put the slump in share price down to 3 things:
No news from the company recently - market treating no news as bad news
Market still hates debt - even more so for the reasons you mention above
TPI appears to attract short selling. Seems to average around 35-40% of shares traded each day and with relatively low volumes of shares traded can generated some panic selling.
These things on the back of talk of capital raising, falling demand for recycled material, drop in oil prices and likely fall in truck sales just makes it worse.
With all this I still hold (nervously). All these rate cuts should be offsetting some of the pain and hopefully past acquisition are starting to show some rewards.
Nice to see JPMorgan buying in.
A nervous wait to 25th Feb Half Yr.
Thrive
My own guess is the market getting unnerved by capital raisings at big discounts, eg today's SUN announcement, and fears that TPI may need to do something similar.
I have it on my watchlist but waiting to see developments.
SP has taken a hit the last couple of weeks. High 3's and now $2.50. I got greedy on this one - nice profit now gone.
I put the slump in share price down to 3 things:
No news from the company recently - market treating no news as bad news
Market still hates debt - even more so for the reasons you mention above
TPI appears to attract short selling. Seems to average around 35-40% of shares traded each day and with relatively low volumes of shares traded can generated some panic selling.
These things on the back of talk of capital raising, falling demand for recycled material, drop in oil prices and likely fall in truck sales just makes it worse.
With all this I still hold (nervously). All these rate cuts should be offsetting some of the pain and hopefully past acquisition are starting to show some rewards.
Nice to see JPMorgan buying in.
A nervous wait to 25th Feb Half Yr.
Thrive
oldblue
14th-February-2009, 02:27 PM
Three good days' trading on rising volume and the SP back up to $2-80.
I'll have a closer look next week.
;)
I'll have a closer look next week.
;)
Thrive
16th-February-2009, 07:13 PM
Three good days' trading on rising volume and the SP back up to $2-80.
I'll have a closer look next week.
;)
Lucky you waited oldblue.
My nervous wait has come to an early end, unfortunately the announcement today was not what I wanted to hear and the market reaction even worse.:eek:
Amongst other things they blame higher interest costs in the second half - this was one area I thought would not be a problem - I thought only 300m odd was in USD, are their other loans also USD?
The one off losses whilst high are at least one off and interest from large investors could be a positive.
Today looked like a short sellers dream backed up by some panic selling. What will tomorrow bring? Hopefully some buying to reflect selling being over done.
NPBT of $93m less the $46m brings NPBT to $47m for the half. Assuming second half achieves somewhere near the $93m without any further one offs will see annual NPBT of $140 and a PE on today's price of 4. Market cap now down to $566m. Probably got these numbers wrong.
TPI need some more large investors for SP stability otherwise if they are forced to raise capital the SP is going to look very ordinary.
These figures and comments are based on my own thoughts and calculations and may not be accurate.
Still holding - yipeee.
Thirve
Unhappy TPI investor
I'll have a closer look next week.
;)
Lucky you waited oldblue.
My nervous wait has come to an early end, unfortunately the announcement today was not what I wanted to hear and the market reaction even worse.:eek:
Amongst other things they blame higher interest costs in the second half - this was one area I thought would not be a problem - I thought only 300m odd was in USD, are their other loans also USD?
The one off losses whilst high are at least one off and interest from large investors could be a positive.
Today looked like a short sellers dream backed up by some panic selling. What will tomorrow bring? Hopefully some buying to reflect selling being over done.
NPBT of $93m less the $46m brings NPBT to $47m for the half. Assuming second half achieves somewhere near the $93m without any further one offs will see annual NPBT of $140 and a PE on today's price of 4. Market cap now down to $566m. Probably got these numbers wrong.
TPI need some more large investors for SP stability otherwise if they are forced to raise capital the SP is going to look very ordinary.
These figures and comments are based on my own thoughts and calculations and may not be accurate.
Still holding - yipeee.
Thirve
Unhappy TPI investor
Aka
16th-February-2009, 10:32 PM
Very dangerous place to put $, in my opinion. Look at current assit Vs Current liability
Look at non current asset(mainly goodwill) vs non current liability.
Big borrowings it would take approx 8-10 years to repay it!?
looks like they were expanding using debt. I think market is not going like it
I am no buying. May be placing put
Look at non current asset(mainly goodwill) vs non current liability.
Big borrowings it would take approx 8-10 years to repay it!?
looks like they were expanding using debt. I think market is not going like it
I am no buying. May be placing put
oldblue
17th-February-2009, 08:25 AM
Yes, I've backed off too.
Not a good proposition at the moment when there are so many other enticing ( attractive?) alternatives.
;)
Not a good proposition at the moment when there are so many other enticing ( attractive?) alternatives.
;)
Aka
17th-February-2009, 07:10 PM
OLDBLUE what stock do you follow?
trading holt for TPI!? I think after trading hold end we see it going Down
trading holt for TPI!? I think after trading hold end we see it going Down
Chief Wigam
2nd-June-2009, 08:59 PM
AFR article on the weekend speculating that a $800m raising @ $1.50 inc right issue and placement to PE is imminent.
based at this price, debt/equity would drop to 51%, interest cover to double to 5 times, 2010 PE of 7.3 times.
Also TPI benefiting from government exclusion of legacy waste from Carbon Pollution Reductio Scheme.
The amount of time this has taken is a concern for TPI. With funding hard to come by at present, we can only assume that TPI is not in the driver's seat in this negotiation.
Can't see how the rights issue would be at $1.50 though. I reckon it'll be a lot lower. The sp would surely have fallen below $1.50 by now if it had been trading.
based at this price, debt/equity would drop to 51%, interest cover to double to 5 times, 2010 PE of 7.3 times.
Also TPI benefiting from government exclusion of legacy waste from Carbon Pollution Reductio Scheme.
The amount of time this has taken is a concern for TPI. With funding hard to come by at present, we can only assume that TPI is not in the driver's seat in this negotiation.
Can't see how the rights issue would be at $1.50 though. I reckon it'll be a lot lower. The sp would surely have fallen below $1.50 by now if it had been trading.
jonnycage
20th-July-2009, 01:42 PM
anyone still following this one ? equity raising at 1.20 by the looks ?
is this one worth bottom picking, or just heading all the way down i wonder
jonny
is this one worth bottom picking, or just heading all the way down i wonder
jonny
babka
20th-July-2009, 02:21 PM
I, as a shareholder, will be entitled to 1.77 new share for 1 existing share at $1.20. I still like Mr. Peabody and he and his family are going to participate fully. IMHO I think there is a decent future for TPI (not next month, etc, but in 2 years time). I'll be taking my entitlement.
jonnycage
20th-July-2009, 02:32 PM
i was having a look at some, but would have to use all my own cash
which im not too keen on. Ive noticed that no one seems to be offering
them on a margin loan leverage anymore, probably fair at present
which im not too keen on. Ive noticed that no one seems to be offering
them on a margin loan leverage anymore, probably fair at present
Chief Wigam
26th-August-2009, 12:18 AM
Two brokers with valuations out there at 60-80c for TPI.
Seems the current share price is overvalued by their recommendations.
I think waste collection is not recession proof, but more a nice to have during econmic downturns. Hence I have chosen to not own any shares in TPI.
Seems the current share price is overvalued by their recommendations.
I think waste collection is not recession proof, but more a nice to have during econmic downturns. Hence I have chosen to not own any shares in TPI.
ryan_wheatland
18th-April-2010, 06:00 PM
Does anyone have any news or opinions on this stock at the moment. It's too damn silent for my liking...
matty77
2nd-February-2011, 02:29 PM
I am liking this stock at the moment, anyone want to do some analysis?
jonnycage
6th-October-2011, 01:04 PM
been a good 18months since discussion on this stock, now trading at just
above its year low at 51.5 cents. interested in any other opinions on this stock
j c
above its year low at 51.5 cents. interested in any other opinions on this stock
j c
The Trooper
13th-December-2011, 12:12 PM
been a good 18months since discussion on this stock, now trading at just
above its year low at 51.5 cents. interested in any other opinions on this stock
j c
I wouldn't touch it unless you want to gamble. The price is swayed by the private equity investors/owners in the business who want to hype the stock up to provide returns.
The company however continues to erode shareholder wealth, has high debt levels and issues more shares to dilute your holding. Current intrinsic value if you subscribe to such thing is around $0.13 per share so to buy at any of the current prices is paying about a 600% premium for a very risky stock.
Give it a few years once they have paid down their debt if the company continues to perform but chances are it will still be overpriced.
above its year low at 51.5 cents. interested in any other opinions on this stock
j c
I wouldn't touch it unless you want to gamble. The price is swayed by the private equity investors/owners in the business who want to hype the stock up to provide returns.
The company however continues to erode shareholder wealth, has high debt levels and issues more shares to dilute your holding. Current intrinsic value if you subscribe to such thing is around $0.13 per share so to buy at any of the current prices is paying about a 600% premium for a very risky stock.
Give it a few years once they have paid down their debt if the company continues to perform but chances are it will still be overpriced.
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